What are some real-life applications of probability from Class 11 Maths Chapter 14?
Answer (1)
Probability has numerous applications in everyday life, including weather forecasting to forecast rain possibilities, insurance and risk to determine policy rates, and medical diagnosis to provide disease probabilities. It is involved in gambling and lotteries to calculate winning probabilities, quality control in production to identify flaws, and stock market forecasts to determine investment risks. It is utilized by sports teams for planning strategies, genetics for forecasting hereditary characteristics using probability, traffic analysis to forecast accident risks, and election polls to predict voting results.
Comments (0)
Related Questions
Trending Articles/News
